Why Franchises Are a Great Passive Investing Weapon - Bob Bernotas

Mailbox Money Show

English - September 21, 2023 16:36 - 31 minutes - 40.2 MB - ★★★★★ - 82 ratings
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How passive can operating franchises get? Join us for a conversation with Bob Bernotas, a distinguished franchise consultant with a wealth of knowledge in high-ROI franchise opportunities. Bob is dedicated to helping individuals transition from corporate life to embrace the wealth-building potential of semi-absentee business ownership.

Bob's extensive franchise career, which began in 1986, includes diverse roles, from multi-unit franchise owner to CEO of a franchise chain. In 1989, he was elected president of a 700-unit chain's owner's association, showcasing his expertise in the industry's intricacies and dynamics.

In this episode, Bob takes us on a journey through the world of franchising, exploring the benefits of owning a franchise, passive involvement strategies, scaling techniques, and franchise concepts that don't require substantial initial investments. He provides valuable insights into market considerations, startup costs, financing options, and educational resources for aspiring franchisees. Bob also shares crucial lessons to learn early on before venturing into the world of franchising.

If you're curious about the passive potential of franchise ownership or looking to explore the world of semi-absentee business, this episode is a must-listen. Tune in now to gain exclusive access to Bob Bernotas's expertise and discover how to navigate the path to franchise success!

01:27 - Guest Introduction: Bob Bernotas

03:58 - What's the benefit of having a franchise?

07:48 - Passive ways to be involved in franchises

12:51 - Strategies for scaling up and buying franchises

16:32 - Franchise concepts that doesn't require a lot of money

19:16 - Market considerations

20:57 - Cost to setup and financing

22:10 - Educational resources

27:10 - Lesson you should know early

27:32 - Who does this?

29:11 - Wrap up

29:48 - Outro

Connecting with the Guest:

Website: https://franchisewithbob.com/

Linkedin: https://www.linkedin.com/in/robert-bernotas/

Facebook: https://www.facebook.com/franchisewithbob/

#FranchiseOpportunities #BusinessOwnership #SemiAbsenteeEntrepreneurship